Cerritos Townhome & Condo Market Update: First Half of 2026 Housing Report

If you’re thinking about buying or selling a townhome or condominium in Cerritos, it’s important to understand that this segment of the housing market often behaves differently than the single-family home market.

While detached homes typically receive the most attention, condos and townhomes play an important role by providing more affordable homeownership opportunities, attracting first-time buyers, downsizers, and investors alike.

So, how did the Cerritos townhome and condo market perform during the first half of 2026?

Let’s take a closer look at the numbers and what they could mean moving into the second half of the year.

This report focuses exclusively on Cerritos condominiums and townhomes. Single-family homes are not included, as they represent a different segment of the local housing market.

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New Listings Remained Limited

Inventory continues to be one of the biggest drivers of any real estate market.

During the first half of 2026, only 24 townhomes and condominiums were listed for sale in Cerritos.

With only a handful of new listings entering the market each month, buyers had relatively few opportunities to choose from.

Limited inventory generally helps support property values while creating more competition for well-priced homes.

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Buyer Activity Stayed Steady

Pending sales provide one of the best indicators of current buyer demand because they represent homes that have accepted offers.

During the first half of the year, 15 townhomes and condos went under contract.

Although pending sales fluctuated from month to month, buyers continued making offers throughout the first half of the year.

Considering the limited number of homes entering the market, buyer activity remained relatively consistent.

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Closed Sales Slowed in June

A total of 16 townhomes and condos closed escrow during the first half of 2026.

Because there were no closed sales in June, there were no average sales price, days on market, or sale-to-list price statistics reported for that month.

That doesn’t necessarily indicate weakening demand. Closed sales often reflect contracts written several weeks earlier, and monthly totals can fluctuate significantly in a smaller market segment like Cerritos condos and townhomes.

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Homes Sold Quickly When They Closed

For the months in which sales occurred, marketing times improved dramatically as the spring market developed.

The improvement from 49 days in February to just 6 days in May is noteworthy.

That trend suggests that properly priced townhomes and condos attracted buyers much more quickly as the market strengthened during the spring.

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Sellers Received Strong Offers

Another encouraging statistic is how close sellers came to receiving their asking price.

Beginning in April, sellers received more than their original asking price on average, with May averaging an impressive 109.2%.

While the number of transactions was relatively small, these figures suggest that buyers were willing to compete for desirable, well-priced homes.

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Average Sales Prices

Average sales prices remained relatively stable throughout the first five months of the year.

These monthly averages reflect the mix of homes that sold, including differences in size, location, upgrades, and condition.

Rather than focusing on one month’s average, it’s more helpful to view the overall trend.

The first half of 2026 shows that the Cerritos condo and townhome market continued to demonstrate stable pricing despite limited inventory.

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What This Means for Sellers

If you’re considering selling your Cerritos townhome or condominium, the market continues to present opportunities.

Inventory remains limited.

Well-prepared homes have been selling quickly.

Recent sales have shown buyers willing to pay at or above asking price for desirable properties.

That doesn’t mean every home will sell immediately.

Today’s buyers compare listings carefully, paying close attention to condition, upgrades, HOA amenities, location, and value relative to competing properties.

Preparing your home before listing, pricing it strategically, and marketing it professionally remain essential to attracting the strongest offers.

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What This Means for Buyers

For buyers, patience and preparation remain important.

The number of available townhomes and condos in Cerritos continues to be relatively small, meaning attractive properties may not stay on the market for long.

Having financing in place before you begin your search can help you act confidently when the right property becomes available.

It’s also important to remember that every community, HOA, and floor plan offers different advantages.

Working with someone who understands the Cerritos condo and townhome market can help you recognize value and avoid missing opportunities.

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Looking Ahead to the Second Half of 2026

As we move into the second half of the year, several factors will be worth watching.

Will more homeowners decide to list their townhomes and condos?

Will buyer demand remain steady as mortgage rates fluctuate?

Will inventory continue to remain limited?

If inventory stays low, well-maintained and competitively priced properties are likely to continue attracting strong interest.

While month-to-month statistics may fluctuate because of the relatively small number of sales, the overall market continues to show healthy buyer activity and stable values.

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Curious What Your Cerritos Townhome or Condo Is Worth?

Remember that every property is unique.

The value of your townhome or condominium depends on much more than neighborhood averages.

Factors such as the property’s condition, upgrades, floor plan, location within the community, HOA amenities, and recent comparable sales all influence market value.

If you’d like a complimentary personalized home value report, I’d be happy to prepare one based on your property’s unique features and the latest comparable sales in your community.

Whether you’re planning to sell this year, purchase your next home, or simply want to understand your property’s current value, feel free to reach out anytime.

I’d be happy to help.

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FAQ About Buying a Condo or Townhome in Cerritos in 2026

Are condos and townhomes selling in Cerritos?

Yes. During the first half of 2026, 16 Cerritos townhomes and condominiums closed escrow, showing that buyers continue to purchase these properties despite limited inventory.

Is it a good time to sell a Cerritos condo?

Limited inventory, quicker selling times during the spring, and sellers receiving at or above asking price in recent months suggest favorable conditions for many condo and townhome sellers. The best timing depends on your property and goals.

How quickly are Cerritos condos selling?

Marketing times improved significantly during the first half of 2026, decreasing from 49 days in February to just 6 days in May for homes that closed during those months.

Are Cerritos condo prices stable?

Overall, yes. While monthly average prices vary depending on the mix of homes sold, the first half of 2026 showed relatively stable pricing for townhomes and condominiums.

How can I find out what my Cerritos condo is worth?

A personalized home value report based on your property’s location, floor plan, upgrades, HOA amenities, condition, and recent comparable sales provides the most accurate estimate.